A Step-by-Step-Guide on how to buy Banano (BAN)
Step 1 – Join Kraken You'll first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive Funds.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Banano (BAN) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Banano (BAN) As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can begin purchasing and trading. To purchase Banano (BAN) on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”. In order to find Banano (BAN), you'll need to put the shortname of the coin (BAN) into the search-box, which is marked in the picture. Be certain of having selected the correct pairing, we have marked this too. Click on “BAN/BTC” to continue.
Step 4 – Buying Banano (BAN) After you have spotted Banano (BAN), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are making our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date rate Banano (BAN) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of BAN you like to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the complete volumen of BAN. When you're satisfied, make a mouse click on “Buy BAN”. Your order will be filled when a Vendor trades their BAN for the price you gave.
Step 5 – Withdraw Banano (BAN) Unless you are trading, best advise is not to keep coins on an Exchange for an extended time period. To withdraw your Banano (BAN), go to the ”Funds” tab and mouse click on “Withdraw”. Banano (BAN) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Banano (BAN) by using the provided drop-down box. Enter the quantity of Banano (BAN) you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.